The Tata Group plans to invest in high-end digital electronics and health in a post-pandemic world, the chairman of the $ 100 billion conglomerate said Thursday. Tata, whose operations span hotels, steel, airlines, electronics and technology services, will also place big bets on electric vehicles, renewables and battery storage, added Chandrasekaran, also. known as Chandra. “When you look at trends for the future, there are definitely some clear signs you can catch. Anything digital, we’re making a big bet,” Chandra told Reuters Next.
The coronavirus pandemic has accelerated the adoption of technology, changing the way people live, work and consume as well as the way businesses operate, he added. Tata has already made public its plans to launch an umbrella app that allows access to all of its consumer businesses, Chandra said, in a concept borrowed from China where apps like Alipay enable everything from hotel reservations to retail. electronic.
Tata is also in the process of creating an online business-to-business platform. The owner of British luxury brand Jaguar Land Rover (JLR) is betting big on electric vehicles as well as battery storage and renewable energy for consumer and industrial use. “We take electric vehicles very seriously,” said Chandra, adding that Tata is investing in the development of clean technology cars at home by Tata Motors and at JLR.
Automakers are investing in electric vehicles, thanks in large part to tighter government regulations on polluting vehicles, with Tesla, now the world’s most valuable automaker, preparing for its launch in India this year. Chandra said adopting technology and changing consumer and business behavior will lead to the creation of new shared workplaces closer to where people live.
Meanwhile, there will be a higher degree of automation in Indian factories, through increased use of artificial intelligence, the Internet of Things, or connected devices and data. With some of these changes unlikely to be reversed, Chandra is looking for new opportunities for Tata, especially as the Indian economy recovers from its damage at the start of the pandemic last year.
“I was quite surprised at how quickly the economy is recovering and rebounding,” he said, adding that several Tata companies were already recovering their losses as demand increased, except in areas such as airlines. aerial. COVID-19 has also forced Tata to be more resilient to disruptions in the global supply chains it depends on and for Chandra one way to do that is to be part of it. “We have already identified a few industries
One is electronics, high tech manufacturing, where we have already started the foray and are making plans for the future. “Tata also plans to meet the growing demand for medical devices in India and around the world,” Chandra said.